Quote:
Originally Posted by Mr K
Another classic from the Chancellor today to help nobody. Getting rid of letting agent fees. All that will happen is rents going up for everybody; do you think he does 'thinking'?
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Tricky one......it is silly to put the onus for paying agents fees onto the landlords as that will
probably put up rents (though it's claimed that it hasn't in Scotland). On the other hand, some lettings agents are charging stupid money from renters and that needs to change as well.
Then again, it's difficult to cap agents fees whilst by putting the onus for paying onto landlords it might just drive down fees since landlords are probably in a better position to drive a hard bargain on the fees than renters are.
It might be a good idea after all (though as a landlord it's not great-but I have other methods anyway)
On balance, I'd say that what he's done is a good thing
